In this episode I cover a topic that is on many American’s minds and that is the National Debt and whether the government is going to raise the debt ceiling or not, and what this means to many of us.
Many Americans and investors are experiencing extreme anxiety and fear. We don’t have just Economic and political fears that we are dealing with, but personal fears as well (such as deaths, divorce, depression, financial hardship, personal injury or illness and many more issues.
When we watch the news, they can lead us to believe we are facing an Economic Armageddon! The news channels and media outlets need you tuning in to stay on the air, and they know how to use your own brain against you.
Sources for content mentioned in this episode:
Has the U.S. ever defaulted on its debt over failure to raise the debt ceiling?
THE SOURCES
- The Council of Economic Advisers (CEA), an agency in the Executive Office of the President
- The Congressional Research Service
- Bipartisan Policy Center
- Gary Richardson, Ph.D., professor of economics at the University of California Irvine
- Thomas Kahn, distinguished faculty fellow at American University’s Center for Congressional and Presidential Studies
https://www.cbs8.com/article/news/verify/economy-verify/us-default-history-debt-ceiling-fact-check/536-fac80bee-680e-4ef9-a086-c02343cb1552
https://usafacts.org/articles/whats-the-history-of-debt-ceiling-increases-in-the-us/?utm_source=google&utm_medium=cpc&utm_campaign=ND-Economy&gclid=CjwKCAjw67ajBhAVEiwA2g_jEDgxiwjLSX0IQzJRjHbdcvwcl2nNuL24gGnowyIrtzU3rdt9_7dYYxoCh3YQAvD_BwE
https://en.wikipedia.org/wiki/United_States_debt_ceiling#:~:text=The%20U.S.%20has%20never%20reached,including%20the%20Treasury%20were%20burned.
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